Fidelity National Financial (FNF) AI Stock Analysis

• Market Cap: $16.30B
• Dividend Yield: 3.27%
• Average Volume (3M): 2.18M
• Price to Earnings (P/E): 15.2
• Beta (1Y): 0.74
• Revenue Growth: 7.25%
• EPS Growth: 17.55%
• Country: US
• Employees: 23,533
• Sector: Financial
• Sector Strength: 71
• Industry: Insurance - Specialty
• EPS (TTM): 1.16
• Shares Outstanding: 271,722,560
• 10 Day Avg. Volume: 1,298,030
• 30 Day Avg. Volume: 2,180,169
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.29
• Enterprise Value/Revenue: 1.59
• Enterprise Value/Gross Profit: 2.00
• Enterprise Value/Ebitda: 8.36
• 1Y Price Target: $66.33
• Price Target Upside: 9.71% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4

• Rating: 73 Outperform
• Price Target: $65.00 ▲(7.51% Upside)

Fidelity National Financial's overall stock score reflects strong technical momentum and a solid earnings call performance, despite challenges in financial performance. The stock's valuation is reasonable, and the dividend yield is attractive. However, the company needs to address declining revenue and profitability margins to improve its financial standing.

Positive Factors

Earnings outlook

The positive revision to 2025 was driven by a combination of management's commentary on Title margins and the compounding effects of higher F&G AUM resulting from strong product sales this quarter.

Interest rates

Recent movement in interest rates has raised optimism that mortgage activity could accelerate in the coming months.

Sales growth

F&G results were generally strong, with record AUM on strong sales growth in both their retail and institutional channels.

Negative Factors

Earnings performance

Adjusted EPS for FNF of $1.24 was below consensus of $1.32 and DBe of $1.29 with the miss driven by lower closed title orders.

Order activity

Title open orders were down 7% y/y for June, pointing to slowing activity.

Title volume

FNF posted 2Q24 results that were generally in-line with consistent on a combination of strong growth in FG, and soft volumes in title, but with resilient margins.

Fidelity National Financial Business Overview & Revenue Model

Company Description

Fidelity National Financial (FNF) is a leading provider of title insurance, technology, and transaction services to the real estate and mortgage industries. The company operates primarily through its subsidiaries, which include title insurance underwriters, real estate services providers, and mortgage technology solutions. FNF serves a diverse clientele, including real estate agents, lenders, and homebuyers, facilitating smooth and secure property transactions across the United States and internationally.

How the Company Makes Money

Fidelity National Financial generates revenue primarily through its title insurance premiums, which are collected when real estate transactions close. The company earns fees from various real estate services, including escrow and closing services, as well as from its mortgage technology solutions. Additionally, FNF generates income from its ownership in strategic investments and partnerships, particularly in technology and data solutions that enhance the efficiency of real estate transactions. Key revenue streams include title insurance sales, service fees, and technology licensing agreements. The company's strong position in the title insurance market, bolstered by its extensive network of agents and partnerships with real estate professionals, contributes significantly to its earnings.

Fidelity National Financial Financial Statement Overview

Summary

Fidelity National Financial faces challenges with declining revenue and profitability margins. The balance sheet shows stability in debt management, but past fluctuations in equity pose potential risks. Strong cash flow generation supports financial flexibility, but improving revenue and profit margins is essential.

Income Statement

The company shows a declining revenue trend with recent TTM revenue lower than the previous annual figures. Gross and net profit margins have decreased, indicating potential challenges in maintaining profitability. EBIT and EBITDA margins are also under pressure, reflecting reduced operational efficiency.

Balance Sheet

The balance sheet reflects a stable debt-to-equity ratio, with a manageable level of debt relative to equity. However, stockholders' equity has been volatile, previously negative, which raises concerns about financial stability. The equity ratio indicates a moderate level of equity relative to total assets.

Cash Flow

The company demonstrates strong operating cash flow, which exceeds net income, showing robust cash generation capabilities. Free cash flow remains positive, though growth has been inconsistent. The ratios of operating and free cash flow to net income suggest effective cash management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	13.16B	13.71B	11.79B	11.56B	15.64B	10.78B
Gross Profit	10.49B	13.71B	10.23B	9.84B	13.71B	9.02B
EBITDA	2.51B	2.69B	1.46B	2.34B	3.84B	2.17B
Net Income	1.10B	1.27B	517.00M	1.29B	2.80B	1.43B
Balance Sheet
Total Assets	98.21B	95.37B	80.61B	57.11B	60.69B	50.45B
Cash, Cash Equivalents and Short-Term Investments	30.65B	31.05B	26.56B	37.73B	36.36B	30.80B
Total Debt	4.77B	4.71B	4.28B	3.66B	3.51B	3.08B
Total Liabilities	89.41B	86.84B	73.15B	59.61B	51.23B	42.06B
Stockholders Equity	7.89B	7.75B	6.91B	-2.86B	9.41B	8.35B
Cash Flow
Free Cash Flow	6.28B	6.67B	6.35B	4.22B	3.96B	1.47B
Operating Cash Flow	6.43B	6.82B	6.48B	4.36B	4.09B	1.58B
Investing Cash Flow	-7.64B	-7.86B	-9.09B	-10.52B	-7.45B	-2.33B
Financing Cash Flow	2.18B	1.76B	3.09B	4.09B	5.00B	2.10B

Fidelity National Financial Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 60.46
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FNF, the sentiment is Positive. The current price of 60.46 is above the 20-day moving average (MA) of 57.66, above the 50-day MA of 56.04, and above the 200-day MA of 58.25, indicating a bullish trend. The MACD of 1.20 indicates Negative momentum. The RSI at 62.34 is Neutral, neither overbought nor oversold. The STOCH value of 82.78 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FNF.

Fidelity National Financial Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AIZ	80 Outperform	$10.74B	15.42	13.65%	1.47%	6.42%	-7.74%
ESNT	79 Outperform	$6.19B	9.16	12.94%	1.88%	4.79%	-0.76%
MTG	75 Outperform	$6.42B	9.13	14.85%	1.94%	3.26%	12.70%
FNF	73 Outperform	$16.30B	15.20	14.20%	3.27%	7.25%	17.55%
Sector *	71 Outperform	S$39.40B	12.64	10.65%	4.19%	0.07%	12.60%
RYAN	66 Neutral	$15.69B	2,587.39	9.44%	0.80%	22.21%	-30.67%
FAF	60 Neutral	$6.70B	36.37	3.80%	3.28%	14.28%	-2.87%

Fidelity National Financial Corporate Events

Fidelity National Financial Holds Annual Shareholder Meeting

On April 14, 2025, Fidelity National Financial held its Annual Meeting where shareholders voted on several key proposals. The meeting included the election of three Class II directors, approval of the company’s redomestication from Delaware to Nevada, a shareholder proposal for annual director elections, a non-binding advisory resolution on executive compensation, and the ratification of Ernst & Young LLP as the independent registered public accounting firm for 2025.

The most recent analyst rating on (FNF) stock is a Buy with a $68.00 price target. To see the full list of analyst forecasts on Fidelity National Financial stock, see the FNF Stock Forecast page.

Fidelity National Financial Completes Consent Solicitations

On June 4, 2025, Fidelity National Financial announced the successful completion of its consent solicitations for amendments to the indenture governing its senior notes, following the receipt of requisite consents from noteholders. This move is part of the company’s proposed redomestication from Delaware to Nevada, which aims to facilitate operational changes, although the redomestication is not guaranteed to proceed even with obtained consents.

The most recent analyst rating on (FNF) stock is a Buy with a $70.00 price target. To see the full list of analyst forecasts on Fidelity National Financial stock, see the FNF Stock Forecast page.